Home Buying in Providence>Question Details

Rita, Home Buyer in Providence, RI

How can I go about finding a non-traditional home? Live/Work...

Asked by Rita, Providence, RI Thu Aug 21, 2008

Something that is raw or open space that can be used as an artist studio and also as a home?

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5
Rita, the first thing you need to do is associate yourself with a Real Estate Agent. A good agent knows how to search out these type of properties. Good Luck!
Web Reference: http://www.BobsTeam.info
1 vote Thank Flag Link Thu Aug 21, 2008
In the Providence area, you have several options for known Live-Work spaces. The first is the Monohasset Mill, which offers open floor plan lofts and is located in a historic mill complex on the Woonasquatucket National Heritage River. These lofts, with starting prices of $225,000 is an example of adaptive reuse of an historic mill complex for subsidized and market rate artist live/work condominiums. It was developed artists and represents a vision for the city's underused and vacant commercial and industrial buildings. No subsizdized condos are left, however there are a few market rate condos starting at $250,000 available.

In nearby Pawtucket and Central Falls, there are a couple of Mill Conversions as well. The Riverfront lofts on Exchange Court are beautifully renovated and popular live-work spaces. This building Riverfront Lofts is a community of 60 live/work lofts for sale to artists and features tax incentives for artists. This project has several units available for resale. Close to I-95 and located in the heart of Pawtucket's arts district, Riverfront Lofts is located by the GAMM Theatre, the Pawtucket Armory Performing Arts Center and Blackstone Studios. Also down the street from the Riverfront Lofts and over the Pawtucket line in Central Falls are several new mill renovations for work-live space available for artists.

There is a lot from which to chose in the Providence area. The traditionally favorable tax credits given by the state of Rhode Island in prior years have been a boon to Mill Conversion Projects. These mentioned here are just some of the more popular options.

Good luck in your search!
0 votes Thank Flag Link Fri Aug 22, 2008
A realtor can search the multiple listing service for properties that meet your criteria.
Web Reference: http://www.alaynaberek.com
0 votes Thank Flag Link Thu Aug 21, 2008
Start with a Realtor expert in live/work in Providence who can help you navigate your local market. Given the size of our art community here, there is a steady demand for live/work properties and our local housing market is adapting to meet this demand. Another option, might be a duplex. Good luck, Emily Medvec.
Web Reference: http://www.emilymedvec.com
0 votes Thank Flag Link Thu Aug 21, 2008
Rita - Too bad you're not looking in MN - I can think of half a dozen without even looking at the MLS! A good local realtor should be able to find former corner store buildings, small apartment buildings, duplexes. You may want to work with a firm that has both residentialo and commercial expertise. I would look around the "small" commercial areas - places with local businesses. My recollection of Providence is that there should be a lot of options. Best of luck!
0 votes Thank Flag Link Thu Aug 21, 2008
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